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Interest Rate Markets: A Practical Approach to Fixed Income
How to build a framework for forecasting interest rate market movements With trillions of dollars worth of trades conducted every year in everything from U.S. Treasury bonds to mortgage-backed securities, the U.S. interest rate market is one of the largest fixed income markets in the world.
Interest Rate Markets: A Practical Approach to Fixed Income details the typical quantitative tools used to analyze rates markets; the range of fixed income products on the cash side; interest rate movements; and, the derivatives side of the business. Emphasizes the importance of hedging and quantitatively managing risks inherent in interest rate trades Details the common trades which can be used by investors to take views on interest rates in an efficient manner, the methods used to accurately set up these trades, as well as common pitfalls and risks?providing examples from previous market stress events such as 2008 Includes exclusive access to the Interest Rate Markets Web site which includes commonly used calculations and trade construction methods
Interest Rate Markets helps readers to understand the structural nature of the rates markets and to develop a framework for thinking about these markets intuitively, rather than focusing on mathematical models
Interest Rate Markets: A Practical Approach to Fixed Income details the typical quantitative tools used to analyze rates markets; the range of fixed income products on the cash side; interest rate movements; and, the derivatives side of the business. Emphasizes the importance of hedging and quantitatively managing risks inherent in interest rate trades Details the common trades which can be used by investors to take views on interest rates in an efficient manner, the methods used to accurately set up these trades, as well as common pitfalls and risks?providing examples from previous market stress events such as 2008 Includes exclusive access to the Interest Rate Markets Web site which includes commonly used calculations and trade construction methods
Interest Rate Markets helps readers to understand the structural nature of the rates markets and to develop a framework for thinking about these markets intuitively, rather than focusing on mathematical models
368 pages, ebook
First published February 11, 2011
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Displaying 1 - 3 of 3 reviews
January 5, 2023
A much needed practical book where theoretical books seem to propagate in this field. Jha keeps the objective clear, which is an overview of the basics of interest rate markets. Jha also limits the use of mathematics and theoretical jargon. Instead delivering material with simple English and direct applicability. I am not saying the theory is not important, it just doesn't need to prioritized by every
I think anybody interested in fixed income should reading this book, each chapter is foundational and written clearish--I only say ish as this seemed more rushed and has a few grammatical mistakes.
The practicality in this text is evident, and anyone who has read books like Inside The Yield and don't know where to start, this can help you bridge the gap between theory and industry.
On the typos: Get over it and focus on the content.
I think anybody interested in fixed income should reading this book, each chapter is foundational and written clearish--I only say ish as this seemed more rushed and has a few grammatical mistakes.
The practicality in this text is evident, and anyone who has read books like Inside The Yield and don't know where to start, this can help you bridge the gap between theory and industry.
On the typos: Get over it and focus on the content.
February 21, 2014
Very good and practical book. Highly recommended.
February 11, 2025
Really good overview of rates RV trading. Some topics he glances over, but the holistic picture is sound and helpful.
Displaying 1 - 3 of 3 reviews